Common Myths About Credit Scores You Should Know When Applying For A MortgageBy Scott WestlakeApril 27, 20210 commentsHow is your credit score calculated? It is a complex answer and, as such, common myths persist. Today, we are going to help you get a better understanding of your credit score and how to make the grade by busting the most common credit score myths! MYTH #1: TOO MANY CREDIT CARDS ...Read more...
10 First-Time Homebuyer Mistakes.By Scott WestlakeApril 26, 20210 comments#FTHB #10firsttimehomebuyermistakes #buyermistakes #mortgagrbroker #mortgaegbrokerage For information on working with Dominion Lending Centres, The Westlake Team or Scott Westlake on your next mortgage, be it pre approval, purchase, refinance or switch, please contact our team @416-436-1135. Article: As a first-time buyer, there are some homebuyer ...Read more...
Recently Funded - Property Acquistion + Construction Capital For Multiple TriplexesBy Scott WestlakeMy PortfolioApril 23, 20210 comments#constructionmortgage #constructionfinancing #mortgagebroker #mortgagebrokerage #twt #SW TWT Recently funded a mortgage to acquire a property and additional approved the construction capital for multiple triplexes. 70% Loan To Value on the acquisition of an existing property that will be demolished. Construction capital based on "as if" value and ...Read more...
Bank of Canada Holds Rates Steady, But Pares Bond-Buying ProgramBy Scott WestlakeApril 21, 20210 comments#mortgagerates #ratechange #SW #TWT #sherrycooper #DLC #mortgagebroekr For more information on how our mortgage brokerage can help with your current or next mortgage or how this information impacts you, please connect with scott@thewestlaketeam.com ...Read more...
Trudeau Opens the Spigots for Social Spending, Income Support, and a Green Economy.By Scott WestlakeApril 21, 20210 comments#DrSherryCooper #DLC #SW #TWT #scottwestlake #federalbudget #mortgaegnews For more information on how the budget impacts your current or future mortgage needs, please contact scott@thewestlaketeam.com Chrystia Freeland’s First Budget is As Promised In more than two years, the first federal budget extends Ottawa’s COVID-19 “lifeline” ...Read more...
$2M Inter Alia Mortgage - Cottage Land AcquisitionBy Scott WestlakeMy PortfolioApril 20, 20210 comments#land #landfinancing #acquistionfinancing #constructionmortgage #SW #TWT #scottwestlake TWT recently closed on a $2M Inter Alia Mortgage facility in Muskoka in under 1 week. Our client approached us to purchase land and required 100% financing. Land typically finances around 50-65% loan to value. We cross collateralized another asset to secure the $2M lending ...Read more...
March Existing Home Sales in Canada Hit New Record High As New Listings Surge To Unprecedented LevelsBy Scott WestlakeApril 16, 20210 comments#economicupdate #drsherrycooper #mortgagerates #marchhomesales #SW #TWT #DLC #scottwestlake For more information on this article or how it impacts your current or future mortgage, please contact our office scott@thewestlaketeam.com What is All the Policy Hysteria ...Read more...
Home Buyer GuideBy Scott WestlakeApril 14, 20210 comments#homebuyingguide #cmhcbuyingguide #dlc #twt #SW #scottwestlake For a copy of the CMHC home buying guide, please email scott@thewestlaketeam.com Market Smarts: Home Buying Guide. The Canada Mortgage and Housing Corporation (CMHC) is one of Canada’s three mortgage insurers. Beyond insuring mortgage, CMHC also offers consumer ...Read more...
Relocate or Renovate.By Scott WestlakeApril 12, 20210 comments#renovation #purchase #mortgagebroker #mortageadvise #DLC #TWT #SW #scottwestlake #HGTV For more information on how to obtain the right mortgage for you, be it renovation or purchasing a new home email scott@thewestlaketeam.com or call 416-436-1135 Relocate or Renovate. Like Lighting in a Bottle. That’s how Todd Talbot describes the chemistry between ...Read more...
Banking Regulator Aims To Make It Tougher To Get An Uninsured MortgageBy Scott WestlakeApril 9, 20210 comments#mortgagestresstest #mortgaegqualification #twt #dlc #sherrycooper #scottwestlake For more information on how this impacts your future or current mortgage, be it purchase, refinance or renewal, email scott@thewestlaketeam.com or call or text 416-436-1135 ...Read more...
Monthly Mortgage Newsletter - April 2021By Scott WestlakeApril 7, 20210 comments#monthlymortgagenewsletter #mortgagenews #twt #scottwestlake #dlc For more information on working with Scott Westlake, one of our agents or joining our team, email scott@thewestlaketeam.com or text 416-436-1135 ...Read more...
The Role of a Mortgage BrokerBy Scott WestlakeApril 2, 20210 comments#mortgagebroker #scottwestlake #mortgageproscan #dlc #twt "VANCOUVER -- The housing market in Metro Vancouver has continued to remain red hot, despite there being a worldwide pandemic. A very similar story is being played out across Canada. Paul Taylor, president of Mortgage Professionals Canada, shared that a lack of inventory ...Read more...
How To Get A Mortgage When You Are Self EmployedBy Scott WestlakeApril 1, 20210 comments#businessforself #scottwestlake #twt #dlc Obtaining a mortgage when self employed can seem complicated, especially in a market with limited inventory and multiple offers. This often doesn't allow for offers with conditions and clients with complicated income may require that condition period to help ensure they qualify for ...Read more...
Recently Funded - Cottage Construction + Take Out MortgageBy Scott WestlakeMy PortfolioMarch 29, 20210 comments#constructionmortgage #cottagebuild #scottwestlake #twt TWT recently wrapped up a complete construction and take out mortgage strategy that was put in place for our clients. Scott initiated this process over a year back after a comprehensive conversation with the clients, builder and multiple lenders and determined there ...Read more...
Spring Magazine Now Available OnlineBy Scott WestlakeMarch 26, 20210 comments#sw #twt #dlc #scottwestlake #luxuryrealestate #luxurymortgagespeicalist #mortgagebroker This quarter, The Invidiata magazine is all home and design. The magazine continues to bring you the best in luxury real estate and lifestyle, while also featuring designers, home essentials, trends and more. As a busy mortgage brokerage, The Westlake Team helps ...Read more...
Your Mortgage Refinance Analyzer Is Here!By Scott WestlakeMarch 24, 20210 comments#mortgaegapp #refinance #renewal #twt #scottwestlake #dlc #MMT We are super excited to announce to our network, enhancements in our mortgage app/calculator - My Mortgage Toolbox https://www.dlcapp.ca/app/scott-westlake. We continue to provide an industry leading mortgage app and calculator, that anyone can download to help get pre qualified ...Read more...